Waste Management Company Secures Rs 908 Crore Contract from Navi Mumbai Municipal Corporation – Complete Details Inside!
The company’s shares have delivered an impressive return of over 85 per cent in the past 1 year.
Antony Waste Handling Cell Ltd's material subsidiary, AG Enviro Infra Projects Private Limited, has secured a contract from Navi Mumbai Municipal Corporation (NMMC) for Door-to-Door Collection and Transportation (C&T) of Municipal Solid Waste. The contract spans 9 years, with an estimated value of approximately Rs 908 crore (Rupees Nine Hundred & Eight Crore) for the entire concession period.
Antony Waste Handling Cell Ltd specializes in mechanical power sweeping of roads, waste collection and transportation, and waste-to-energy projects. The company is also responsible for designing, constructing, operating, and maintaining the integrated waste management facility in Kanjurmarg, Mumbai. With nearly 20 years of experience, it ranks among the top five companies in India’s municipal waste management sector.
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On Friday, the company’s shares closed at around Rs 699 and the current market capitalization stands at Rs 1984 crore. Additionally, the shares have delivered an impressive return of over 85 per cent in the past 1 year.
As per the Quarterly Results, in the Q1 FY25, Antony Waste Handling Cell Ltd recorded a revenue of Rs 227 crore compared to Rs 222 crore. It reported an operating profit of Rs 49 crore. The net profit stood at Rs 21 crore. Looking at the annual performance, the company generated a revenue of Rs 873 crore in FY24 compared to Rs 854 crore. The operating profit for FY24 was Rs 178 crore with a net profit of Rs 100 crore compared to a profit of Rs 85 crore in FY23.
Disclaimer: The article is for informational purposes only and not investment advice.